Friday, July 12, 2013

Quote of the Day by Seth Klarman

"... if the economy is so fragile that the government cannot allow failure, then we are indeed close to collapse. For if you must rescue everything, then ultimately you will be able to rescue nothing."

-- Seth Klarman, Baupost

http://www.zerohedge.com/news/2013-07-11/klarman-clarity-if-economy-so-fragile-government-cant-allow-failure-then-we-are-inde

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